Unilever NV (NYSE:UN) was the target of a large growth in short interest in the month of March. As of March 29th, there was short interest totalling 1,578,154 shares, a growth of 64.5% from the March 15th total of 959,108 shares. Based on an average daily trading volume, of 1,314,551 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.
Several equities analysts recently issued reports on UN shares. Barclays started coverage on Unilever in a report on Tuesday, April 9th. They set an “underweight” rating for the company. BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Zacks Investment Research downgraded Unilever from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a research report on Saturday, February 2nd. Societe Generale assumed coverage on Unilever in a research report on Tuesday, January 29th. They set a “sell” rating for the company. Finally, UBS Group downgraded Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.50.
Unilever stock opened at $57.52 on Tuesday. The firm has a market cap of $98.31 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 3.05 and a beta of 0.61. Unilever has a fifty-two week low of $52.08 and a fifty-two week high of $58.72.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, February 15th were given a dividend of $0.442 per share. This is an increase from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.77 annualized dividend and a yield of 3.07%. Unilever’s dividend payout ratio (DPR) is presently 63.90%.
A number of institutional investors have recently added to or reduced their stakes in UN. Lenox Wealth Management Inc. grew its position in shares of Unilever by 3,300.0% in the fourth quarter. Lenox Wealth Management Inc. now owns 476 shares of the company’s stock valued at $26,000 after purchasing an additional 462 shares during the period. JNBA Financial Advisors purchased a new stake in shares of Unilever in the fourth quarter valued at $27,000. Pin Oak Investment Advisors Inc. grew its position in shares of Unilever by 129.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Clarus Wealth Advisors grew its position in shares of Unilever by 76.5% in the fourth quarter. Clarus Wealth Advisors now owns 697 shares of the company’s stock valued at $38,000 after purchasing an additional 302 shares during the period. Finally, Lavaca Capital LLC purchased a new stake in shares of Unilever in the fourth quarter valued at $39,000. 7.92% of the stock is owned by institutional investors.
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.
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